Touch screen on the portables is pretty much mandatory now. It just works too well with the DS.
What I'd like to see from the PSP2 is a slimmer design, analog sticks that don't just completely blow, buttons and a D-pad that aren't so stiff, and a more durable surface. Of course, better battery life would be the best enhancement.
The PS4, however, has me wondering... The PS3 is already capable of amazing graphics, and will be blowing us all away by the time its tale is told. What can the PS4 really offer us graphically? What the PS4 needs is to be easier to develop for and come with both a standard and motion sensing control (not this tilt control nonsense) so that 3rd parties aren't scared off from either taking chances or going a more traditional route. We're very close to the point where the laws of deminishing returns will apply with graphics. Unless Sony's crazy enough to want us to buy ANOTHER TV to handle an even higher definition display, we're pretty much at the apex right now graphically.